In May 2011,the Average Price of Gasoline in the United

Multiple Choice

In May 2011,the average price of gasoline in the United States was $3.76 per gallon and consumers bought 5 percent less gasoline than they had during May 2010,when the average price was $2.79 per gallon.Based on these numbers,what was the price elasticity of demand for gasoline from May 2010 to May 2011?

A) -0.33
B) -0.76
C) -2.96
D) -6.75